Qube Research & Technologies Ltd bought a new stake in shares of Camden National Co. (NASDAQ:CAC – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,655 shares of the financial services provider's stock, valued at approximately $313,000.

Other hedge funds have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D bought a new stake in shares of Camden National during the 1st quarter valued at about $2,217,000. Renaissance Technologies LLC lifted its position in Camden National by 8.9% in the 4th quarter. Renaissance Technologies LLC now owns 369,300 shares of the financial services provider's stock worth $17,785,000 after buying an additional 30,200 shares during the last quarter. Fiduciary Trust Co. lifted its position in Camden National by 191.7% in the 4th quarter. Fiduciary Trust Co. now owns 45,280 shares of the financial services provider's stock worth $2,181,000 after buying an additional 29,755 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Camden National in the 4th quarter worth approximately $607,000. Finally, Barclays PLC lifted its position in Camden National by 41.3% in the 4th quarter. Barclays PLC now owns 42,520 shares of the financial services provider's stock worth $2,048,000 after buying an additional 12,422 shares during the last quarter. Hedge funds and other institutional investors own 66.03% of the company's stock.

Camden National Stock Performance

Shares of CAC stock opened at $46.47 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.76 and a current ratio of 0.76. Camden National Co. has a fifty-two week low of $41.48 and a fifty-two week high of $52.16. The stock has a 50 day moving average price of $45.41 and a two-hundred day moving average price of $46.22. The company has a market capitalization of $679.62 million, a P/E ratio of 10.99 and a beta of 0.80.

Camden National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.60 annualized dividend and a yield of 3.44%. Camden National's payout ratio is currently 37.83%.

Analyst Ratings Changes

Separately, Stephens downgraded Camden National from an "overweight" rating to an "equal weight" rating and set a $48.00 target price for the company. in a research report on Thursday, August 4th.

Camden National Profile

(Get Rating)

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.

Featured Stories

• Get a free copy of the StockNews.com research report on Camden National (CAC)
• 3 Payroll Software Makers Set For Growth In 2023
• PENN Entertainment Stock is Reset and Ready to Rebound
• NYSE Stocks Give Investors a Variety of Quality Options
• Zoom Video Communications Valuation Is Realigned With Reality
• The J.M. Smucker Company Proves Why Staples Are Outperforming

Want to see what other hedge funds are holding CAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Camden National Co. (NASDAQ:CAC – Get Rating).

Receive News & Ratings for Camden National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden National and related companies with MarketBeat.com's FREE daily email newsletter.